 |
| LATEST LATEST LEGAL NEWS ARCHIVE |
LATEST NEWS & EVENTS Residential property market activity falls  Activity is decreasing in the residential property conveyancing market, according to new figures. The most recent data from the Land Registry reveals that the number of completed house sales in England and Wales declined 13 per cent in March compared to a year earlier. However, the number of properties sold for over £1 million increased by 58 per cent year-on-year. The Land Registry also reports that house prices have slipped in May, perhaps encouraging more buyers to enter the residential property conveyancing market. Average prices fell 2.2 per cent year-on-year and by 0.4 per cent compared to April. Only London witnessed a rise in house values, increasing by 2.9 per cent over the year. It comes as new figures reveal average rates on two-year fixed mortgage products have fallen to their lowest level since the base rate dropped to 0.5 per cent. The data, compiled by moneysupermarket,.com, show a general downward trend in the cost of borrowing for home buyers since the third quarter of 2009. Posted by Georgina Price 
Related Articles: 17/5/2012 - Discussing death remains taboo as wills and inheritance tax planning suffers 11/5/2012 - Queen's Speech legal reforms welcomed 4/5/2012 - Create Lasting Power of Attorney before it's too late 2/5/2012 - Support for will writing regulation grows 25/4/2012 - Inheritance tax planning could net £450m a year in savings More Individual Legal Services News |
|||
| © 2012 Lamport Bassitt | DEFAULT ZOOM | DISABILITY INFORMATION | LEGAL INFORMATION |